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Underground economy and aggregate fluctuations

✍ Scribed by Juan Carlos Conesa Roca; Carlos Díaz Moreno; José Enrique Galdón Sánchez

Book ID
105749358
Publisher
Springer
Year
2001
Tongue
English
Weight
75 KB
Volume
3
Category
Article
ISSN
1435-5469

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📜 SIMILAR VOLUMES

Time to implement and aggregate fluctuat
Time to implement and aggregate fluctuations
✍ Jean-Olivier Hairault; François Langot; Franck Portier 📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 801 KB

In this paper, we slightly modify the canonical RBC model by adding an implementation lag in the technology, to reproduce the fact that consumption is a leading indicator of output. Indeed, we assume that agents have today some information on the realization of the technology shock that will occur t